“In late 2017, Amazon was recruiting insurance professionals in London to join a new team looking to disrupt the insurance market in the UK, Germany, France, Italy, and Spain.

“This highlights the global outlook of the online retailer.”

Berkshire Hathaway is the third-largest public company globally, as well as an insurance provider, while JP Morgan is the biggest bank in the US, and Amazon the largest internet retailer in the world.

In a joint statement released yesterday, the three companies said they would bring their scale and complementary expertise to the healthcare initiative in order to tackle one of the “greatest issues facing society today”.

Although there was no mention of entering foreign markets, Cripps went on to highlight how other highly influential brands like Apple may have already made small steps into healthcare abroad.

She explained how the technology firm is already a partner with Vitality in the UK, providing discount smart watches for customers of the health and life insurance provider.

The company has taken this further in the US, with its latest mobile operating system set to allow patients to view electronic medical records on their phones, with 12 hospitals already signed up to test the software.

“This could signal a potential move into the healthcare space,” Cripps continued.

“Alternative providers have masses of consumer data and resources, and are known for providing exceptional customer experiences – all of which makes them a significant threat.”